The Labour Party Caucus Leader, House of Representatives, Afam Ogene, has faulted the Central Bank of Nigeria CBN over its indecisiveness in the validity of the old and new Naira notes.
Ogene said this in a statement in Abuja on Friday, following clarification by the CBN that the latest Supreme Court pronouncement reversed its earlier ruling.
The CBN had said the apex court’s ruling did not state a definite date that the old N200, N500 and N1000 naira notes would cease to be valid legal tender was not stated by the Apex court.
It would be recalled that the House in a motion by Ogene during plenary on October 24 had asked the CBN to take action concerning the concurrent validity of the two naira notes in circulation.
Ogene said that the mix-up or innocent omission of the Supreme Court’s subsisting pronouncement on the validity of both versions of naira notes was acknowledged.
He said the House’s intervention, following the motion on the subject matter, was not conclusive.
The lawmaker said it was based on that the House directed its Committee on Banking Regulations to interface with the apex bank and report back in 21 days.
